Tag: cryptocurrency

“France has gotten in the way of a long list of new crypto-friendly tax regulations that seek to provide cryptocurrency merchants and their customers with more profits” writes Nick Marinoff for livebitcoinnews.com. The French Nationwide Meeting rejected the regulations on Monday, believing that the present rate of tax exemptions is fair, and thus warrant no changes.Surprisingly, one amendment left out of the Meeting was a 30 percent flat tax set to be implemented for all cryptocurrency transactions.Will France eventually see the light when it comes to cryptocurrency?. Source: livebitcoinnews.com Share…

“Novogratz projected that the Bitcoin price will stay between $3,000 and $6,000 in the foreseeable future” writes Ana Alexandre for cointelegraph.com. Speaking on Bloomberg Television, Novogratz opined that there will not be much further decline in the Bitcoin price, despite the recent slump in the market.Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that he does not expect the Bitcoin (BTC) price to decline much further in an interview published by Bloomberg on Dec. 18.In Novogratz’s view, there will be “a lot of…

“Per the announcement, Masters has requested to leave for personal reasons after three years of serving at the company” writes Ana Alexandre for cointelegraph.com. Blythe Masters, the CEO of Digital Asset, a tech company that builds products on distributed ledger technology (DLT), has stepped down, according to an announcement published Dec. 18. Source: cointelegraph.com Share This:

“Despite the downturn in cryptocurrency prices, Stover is still expecting 12 new crypto funds to launch within the next couple of months” writes unknown author for cnbc.com. So that would be 6 percent of our crypto funds,” Stover told CNBC in an email.Other funds like Morgan Creek Digital, which has $1 billion in assets under management, see the drop in cryptocurrency prices as an opportunity.Stover pointed out that most of the funds that are closing had very little capital and posted poor performance this year.Fast forward 12 months, and bitcoin…

“Over the past three years, jobs relating to blockchain, Bitcoin and cryptocurrency have been on the rise on LinkedIn” writes Gareth Jenkinson for cointelegraph.com. Citigroup, Sears, Roebuck & Co, and the U.S. Army each cut over 50,000 jobs at different stages, but these job cuts put most others in perspective.As previously mentioned, one can draw similar parallels between the rise of internet companies in the 1990s and the rise of cryptocurrency- and blockchain-focused companies from 2010 onward. However, those that survived ended up laying the foundation for the cryptocurrency and…

“Cryptocurrency trading is at a key juncture, with Bitcoin and other altcoins recently reaching multi-year lows” writes Aziz Abdel-qader for financemagnates.com. AvaTrade has expanded its cryptocurrency offering with the introduction of two new coins to its CFDs suite. The program was aimed at attracting cryptocurrency traders, to accommodate the brokerage’s efforts to consistently expand its crypto CFD assets.This includes Stellar (XLMUSD) and Dash (DASHUSD), which represent the latest additions to a growing portfolio of cryptos available for clients.Over the past year, AvaTrade has steadily added crypto instruments to its offering…

“Status, an Ethereum-based open source chat platform has recently laid off one-fourth of its staff due to the recent decline in cryptocurrency prices” writes Adrian Zmudzinski for cointelegraph.com. Saturday, Dec. 15: the top 20 cryptocurrencies report a mix of moderate gains and losses, with Bitcoin (BTC) briefly dipping under $3,200 before climbing back above the price mark by press time.At press time, ETH is trading at $84.33, after having started the day around $84 and trading sideways during the day.On the weekly chart, the prices in the past two days…

“Warren Davidson introduced a bill that would the government to raise funds for the border wall with cryptocurrency” writes Aaron Mak for slate.com. Warren Davidson has drafted a bill, called the “Buy a Brick, Build a Wall Act,” that he says would enable the government to raise money for a border wall by creating a cryptocurrency. Now, with the looming threat of a shutdown, we’ve come to the point where cryptocurrency has been added to a list of increasingly unlikely proposals for wall funding.He claimed during a debate that the…

“Coinify, a Copenhagen-headquartered payment platform for cryptocurrencies, announced this Friday that it has acquired BetterCoins, a virtual currency broker” writes Celeste Skinner for financemagnates.com. With the acquisition being completed today, customers of BetterCoins will have access to Coinify’s support system and more competitive pricing.According to the statement, the company chose BetterCoins due to an “overlap in corporate values.” BetterCoins is a fast-growing cryptocurrency broker that is also based in Denmark.The company also offers cryptocurrency trading, allowing customers to buy and sell cryptocurrency with credit card/bank transfer.Speaking on the acquisition, Romina…

“And numerous cryptocurrency projects, even well-funded ones like ConsenSys and Bitmain, are laying off staff due to the cryptocurrency market’s decline” writes Stan Schroeder for mashable.com. So, what is the cryptocurrency space building towards?. And though SEC has been turning down proposals for cryptocurrency ETFs throughout 2018 (mostly on the grounds of these markets being easily manipulated), crypto markets are slowly maturing.In May 2017, the value of Ethereum and Bitcoin soared, propelling the total market cap of crypto to $80 billion.The stock markets could go tumbling down and drag crypto…